Delta Corp gains after subsidiary bags license to operate vessel in Goa

Delta Corp rose 2.44% to Rs 84 at 10:32 IST on BSE after the company said its arm received license to operate its vessel at Mandovi River in Goa.

The announcement was made after market hours yesterday, 13 June 2016.

Meanwhile, the BSE Sensex was down 25.24 points, or 0.10%, to 26,371.53.

On BSE, so far 2.31 lakh shares were traded in the counter, compared with an average volume of 2.49 crore shares in the past one quarter. The stock hit a high of Rs 85.70 and a low of Rs 83.60 so far during the day. The stock hit a 52-week high of Rs 93.90 on 2 December 2015. The stock hit a 52-week low of Rs 49 on 29 February 2016. The stock had underperformed the market over the past one month till 13 June 2016, rising 0.18% compared with 3.56% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 31.52% as against Sensex's 7.52% rise.

The small-cap company has an equity capital of Rs 23.07 crore. Face value per share is Re 1.

Delta Corp said that its wholly-owned subsidiary, Delta Pleasure Cruise Company, has been granted license by the Government of Goa to operate a vessel M V Royale Flotel - Deltin Caravela in the Mandovi River in Goa.

On a consolidated basis, Delta Corp's net profit surged 3533.33% to Rs 28.32 crore on 17.55% rise in net sales to Rs 102.68 crore in Q4 March 2016 over Q4 March 2015.

Delta Corp is one of the largest gaming and hospitality company in India.

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